Bad apples or rotten barrels? How sociological thinking can help address financial misconduct.

Recently, US and UK regulators announced that six global banks (including Barclays and RBS) will pay over $5.6bn between them in fines for the manipulation of benchmark exchange rates in the foreign currency markets. This is the latest in a seemingly never-ending series of financial scandals including the ‘London Whale’ traders at JP Morgan, the…
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